Tag Archives: Railways

Rising Bharat National News Feed: October 13th 2020

  1. Silver Line Rail project in Kerala to get clearance soon

Key points:

  1. The Silver Line Rail project in Kerala is expected to receive Central government approval soon. The process of land acquisition for the proposed project is in progress. The State Cabinet has already given its nod to the detailed project report (DPR), submitted by the project implementing agency Kerala Rail Development Corporation (K-Rail), a joint venture of the Indian Railways and the Kerala government.
  2. These trains will cover the Thiruvananthapuram- Ernakulam stretch in one-and-a-half hours. The project’s DPR, prepared by the Paris-based consultant-Systra, was submitted to Central and state governments for approval, after conducting aerial LiDAR survey, traffic survey, environment impact assessment study and geotechnical study. The Silver Line project will help recovery from the economic downturn caused by COVID-19 outbreak and will generate job opportunities during and after the completion phase. This project will also provide job opportunities to the repatriates returning to Kerala.

(Construction Week Online, 13 October 2020) News Link

  • POJK
  • Jammu and Kashmir: Indian Army thwarts weapon smuggling bid from PoK ; recover arms and ammunition

Key points:

  1. Security forces on Tuesday (October 13) thwarted a weapon smuggling bid from Pakistan-occupied-Kashmir (PoK) by recovering arms and ammunition during a search operation near the Line of Control (LoC) in frontier Kashmir district of Kupwara.
  2. An official said alert troops deployed at Tangdhar sector in Kupwara, thwarted yet another attempt by Pakistan Army to send weapons from PoK. “Following specific information, a joint search operation was launched by Army and J&K Police near the LoC at 1830 hours on Monday,” he said.

(Asian News,13 October 2020) News Link

  1. Mamata Banerjee orders forensic inspection of truck tyres to prevent Coronavirus spread: Read details

Key points:

  1. In a bizarre move to contain the Coronavirus pandemic, West Bengal Chief Minister Mamata Banerjee has asked administrative authorities on October 6 for forensic inspection of truck tyres incoming from other States. She was of the view that the moving vehicles coming from other States were the reason behind the rising of Coronavirus cases in Jhargram district.
  2. During the course of an administrative meeting, she said, “We need to test the tyres of a few trucks which are entering the state through toll plazas. If the virus can be transmitted through clothes and shopping bags, then why not tyres?”
  3. The West Bengal CM, therefore, wants to conduct tests on tyres of trucks, which pass through toll plazas. Citing the example of her locality where 6 people of a family apparently tested positive for Coronavirus, she said, “From them, the disease had spread to 36 others. I had stopped the movement of vehicles on the road where the house was located because as vehicles move from one place to another, they can spread diseases. The tyres of vehicles can carry organisms, which can trigger diseases.”

(Op India, 13 October 2020) News Link

  1. PM Modi urges Maharashtra residents to follow health norms amid Covid-19

Key points:

  1. “The danger of coronavirus still persists. In Maharashtra, the situation is a little more worrying. I appeal to everyone, don’t be careless when it comes to wearing masks and social distancing. Remember – ‘Jab tak davai nahi, tab tak dheelai nahi’ (No carelessness till a medicine is found),” Prime Minister Modi said at an event where he released the autobiography of Dr Balasaheb Vikhe Patil and renamed Pravara Rural Education Society as Loknete Dr Balasaheb Vikhe Patil Pravara Rural Education Society..

(Economic Times, 13 October 2020) News Link

  • ‘Don’t need Hindutva certificate from you’: Maha CM retorts to Governor’s ‘secular’ barb over reopening of temples

Key points:

  1. Responding to a letter by Koshiyari who questioned Thackeray’s Hindutva credentials for delay in the opening of religious places in the state, Maharashtra CM shot back saying he is an ardent follower of Hindutva and doesn’t a certificate from him.
  2. “As imposing lockdown all of a sudden was not right, revoking it completely at once will also be not a good thing. And yes, I am someone who follows Hindutva, my Hindutva doesn’t need verification from you,” he said.
  3. “Do you mean that opening up religious places is Hindutva, and not opening them means being secular? Secularism is a crucial base of the oath you took as Governor. Do you not believe it?” he added.

(Dainik Jagran, 13 October 2020) News Link

  1. Government departments take action to spread awareness about Coronavirus in Kanpur

Key points:

  1. In Kanpur, an effort to educate the masses about the virus and all its various aspects is being undertaken. To maximize the reach, the state government has roped in several government departments to carry out the task. The departments will consist of officials from the health, education, panchayati raj, child development and nutrition departments.
  2. At any rate, the awareness program is a great move that the state government has taken to curb the spread of the virus in Kanpur. As more people learn about it, the more precautions they will take.

(Knock Sense, 13 October 2020) News Link

  1. Mysuru’s Famous Dasara Parade Restricted to Palace Ground Amid Pandemic

Key points:

  1. The Karnataka government has decided to restrict the annual Dasara parade to the Mysusru Palace grounds to avoid further spread of the coronavirus disease.
  2. “Pageantry surrounding Mysuru’s Dasara festival has been cut down and will be celebrated very simply. Coronavirus will be with us for a long time and we will have to live with Covid-related restrictions until we have vaccine. But life has to go on; there will be festivals… Utmost precautions will be taken. We are trying to ensure people’s safety. People are cooperating and understanding of the situation,” Deputy Chief Minister Dr Ashwath Narayan told

(NDTV, 13 October 2020) News Link

Rising Bharat Swadeshi News Feed: August 12th 2020

Planning of Investment in Bharat

  1. Indian Railways’ private train project on fast track as 23 firms including Bombardier, Alstom show interest

Key points:

  1. The Indian Railways’ plan to run private trains in the country is getting the attention of both domestic and international players like Alston, Bombardier, GMR and L&T.
  2. As many as 23 companies participated in an official pre-application online conference for running private trains on 12 clusters. 
  3. Among international players Bombardier, Alstom, Siemens attended a conference while among domestic players which showed interest include BEML, IRCTC, Sterlite, GMR Infra, Medha Group, JKB Infrastructure, Bharat Forge, BEML, L&T Infra and Titagarh Wagons.
  4. The Railways ministry organized its first pre-application conference on private train project Tuesday which was attended by around 16 prospective applicants.
  5. For the first time, ever private players will be allowed to run passenger train services on 109 routes through induction of 151 trains. The project would entail an investment of Rs 30,000 crore and is expected to boost domestic manufacturing inline with the government’s ‘Make in India’ pitch.

(Times Now, 12 August 2020) News Link

As many as 13 investors put in EoIs for acquiring Reliance Commercial Finance
Key points:

As many as 13 global and domestic investors have submitted expressions of interest for acquiring Reliance Commercial Finance Ltd (RCFL)

Lenders led by Bank of Baroda had invited bids for RCFL to recover unpaid loans and the last date of submitting the EoI was August 11.

Capri Global, India RF, JM Finance ARC, Edelweiss ARC, UV ARC, Urgo Capital, ARCIL, Authum Investment & Infra Ltd, Assets Care and Reconstruction Enterprise, CFM ARC, Invest ARC, Rare ARC and International Asset Reconstruction Company submitted expressions of interest (EoIs).

The bid process is being run by Deloitte as the resolution advisor, and interested parties were to submit an expression of interest (EoI) by August 11, according to the notice.
(Economic Times, 12 august 2020) News Link

NHAI to build 22 expressways with Rs 3.3 lakh crore investment, forms SPVs to meet fund requirement

Key points:

  1. The National Highways Authority of India (NHAI) has finalised a plan to build 22 expressways with an investment of Rs 3.3 lakh crore.
  2. The authority has also decided to form Special Purpose Vehicles (SPVs) to meet this huge fund requirement, according to sources.
  3. Under this mega plan, the NHAI board has approved the first SPV for Delhi-Mumbai Expressway, which will be wholly owned by the highways authority
  4. The Expressway projects of shorter lengths, in the range of 50-150 km, will be clubbed as one and a single SPV will be formed for Expressway projects having shorter lengths.
  5. For bigger length expressways of 300- 400 km and more will have dedicated SPV.
  6. In the first SPV formed for Delhi-Mumbai Expressway worth Rs 45,000 crore, the NHAI will infuse Rs 5000 crore while the rest Rs 40,000 crore will be taken as loan from market.

(Zee News, 12 August 2020) News Link

Investment in Bharat by Other countries

Deutsche Bank infuses Rs 2,700 crore into India branches
Key points:

Germany’s largest lender Deutsche Bank has infused Rs 2,700 crore into its India branch operations, taking its total investment into Indian branches to Rs 18,200 crore.

This is the second infusion by the Frankfurt based bank in less than two years. It put Rs 3,800 crore into India in early 2019.

The fresh capital will be used to support further expansion of Deutsche India, the bank said. The German lender operates 17 branches across India
(Economic Times, 12 August 2020) News Link

Startup in Bharat by bhartiya

This Delhi-based IoT startup is fighting COVID-19 with Made in India ‘Go Corona’ bags
Key points:

Started by serial entrepreneurs Arpit Chhabra, Sushant Taneja, Shashank Saxena, and Shivam Dikshit in 2017, IoTfy is a chip-to-cloud startup that helps consumer durable brands add internet of things (IoT) capability to their device categories.

IoTfy also takes pride in the fact that the company fits Prime Minister Narendra Modi’s clarion call for ‘Vocal for Local’ and Aatmanirbhar Bharat, as it contributes to this vision.

To support its scale and development, IoTfy is also planning to raise external funding by this year or early next year to bring in more talent and add more categories and continue its line of business.

(Your Story, 12 August 2020) News Link

Investment in Bharat by US companies

Equinix acquires GPX’s India data centres for 1.2k crore
Key points:

NYSE-listed data centre company Equinix has acquired the India operations of GPX Global Systems for $161 million (1,200 crore) in cash. The deal is expected to close in the first quarter of 2021.

The acquisition will help extend Equinix’s presence to India with two data-centre campuses in Mumbai.

Equinix will get access to customers such as Google Cloud, Oracle Cloud and Amazon Direct Connect and another over 200 international and local companies .
(Economic times, 12 August 2020) News Link